2529 Rio Grande ST # 54, Austin TX 78705

The market data from 3 similar recent sales in ORANGE CONDOMINIUMS points to a value of approximately $356,209. To sell within a reasonable timeframe at fair market value, the $389,000 to $403,000 range is where I'd position this. Among the similar homes currently available in ORANGE CONDOMINIUMS, this price point stands out as competitive. The larger floor plan (111 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1977 construction puts this home 7 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in ORANGE CONDOMINIUMS (a buyer's market), competition is a factor to consider. In 78705, home values have fallen approximately 15.7% over the past 6 months. One of the strongest data points is 914 W 26th ST # 304, Austin TX 78705, adjusting to $307,493; a strong comparable. 3 comparable transactions in ORANGE CONDOMINIUMS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group